How is a default an example of a drastic action, economically speaking? Because it __________
A) bolsters lenders' confidence, but results in cutoff of future loans
B) obliterates lenders' confidence, but results in future loans
C) obliterates lenders' confidence and results in cutoff of future loans
D) bolsters lenders' confidence and results in future loans
Answer: C
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Which of these statements would make the best argument for a progressive system of taxation?
a. Workers are entitled to keep the money earned by their labor. b. Efficiency and freedom are more important than equity and security. c. Government intervention in the economy inevitably leads to a loss of productivity. d. The government has a responsibility to ensure that every citizen enjoys a basic level of subsistence.
Today, the South Bronx in New York City fits the image portrayed in the film, Fort Apache, the Bronx
Indicate whether the statement is true or false.